The Council for Medical Schemes (CMS) announced changes to the fees payable to the Council. No changes have been made to the regulations and fee structure since November 1999. The most significant fee change that will affect financial advisors will be for:
- the application for accreditation, or
- the renewal of accreditation as a broker
The fee for these two scenarios will increase from R1000 to R1400.
The change became effective on 2 September 2016. All applications after this date must adhere to the amended fees payable.
Click here to see the changes to all applicable fees payable to the CMS.